Waltman Company just ended its first year of operations. We are hired to help with the company's reporting. The Tableau Dashboard provides data for our analysis. Selling \& Administrative Costs Per Year Fixed Sales Price Variable \begin{tabular}{|l|l|} \hline Selling Price & $100 Per Unit \\ \hline \end{tabular} Units Produced vs Units Sold Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using variable costing. Prepare an income statement for the year using absorption costing. 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the manager prefer in the current year? Complete this question by entering your answers in the tabs below. Answer the following questions. 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the manager prefer in the current year